The Home Depot's Days Inventory for the 2020 is calculated as: 2. 10-K (filing date: 2016-03-24), months ended in Jul. Fulfillment centers and retail locations in the Houston area have been testing this software in pilot mode for the past year, Holifield said. 10-K (filing date: 2020-03-25), Fundamental company data provided by Morningstar, updated daily. Only PremiumPlus Member can access this feature. Holifield admitted this will take a “considerable effort.” He declined to comment on the cost of developing and deploying the software, but said “the great thing about Sync is it is not a huge capital investment. Get access to essential strategic content, in-depth reports, industry intelligence, and exclusive data. 2020 was 0.37. It is calculated as Cost of Goods Sold divided by Total Inventories. Please enter Portfolio Name for new portfolio. B2BecNews is published by Vertical Web Media LLC, which also publishes the monthly business magazine Internet Retailer. Float Percentage Of Total Shares Outstanding, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, Earn affiliate commissions by embedding GuruFocus Charts. Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. The Home Depot's Days Inventory for the 2019 (67.60) to Jul. If the inventory is too light, it may affect sales because the company may not have enough to meet demand. 2020 was $25,112 Mil.The Home Depot's Total Inventories for the quarter that ended in Jul. Amazon.com Inc. (NASDAQ:AMZN), Analysis of Inventory, Walmart Inc. (NYSE:WMT), Analysis of Inventory, Costco Wholesale Corp. (NASDAQ:COST), Analysis of Inventory, Lowe’s Cos. Inc. (NYSE:LOW), Analysis of Inventory, Target Corp. (NYSE:TGT), Analysis of Inventory, TJX Cos. Inc. (NYSE:TJX), Analysis of Inventory, Dollar General Corp. (NYSE:DG), Analysis of Inventory, Home Depot Inc., balance sheet: inventory. The Home Depot's Inventory-to-Revenue for the quarter that ended in Jul. The company’s 2015 fiscal year ends on Feb. 1, 2016. 2020 was $14,244 Mil. Executives said the software lowered the time necessary for Home Depot’s supply chain to respond to changes in demand from shoppers, weather disruptions and other surprises. View and export this data going back to 1981. Inventory turns refers to the number of times a retail location replaces its entire stock. Learn about The Home Depot culture, salaries, benefits, … 2020 was 1.76. Stock quotes provided by InterActive Data. All numbers are in their local exchange's currency. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. Everyone greeted me as if I were a friend. months ended in Jul. Tom Shortt, vice president of supply chain and development, oversees the software initiative. 10-K (filing date: 2017-03-23), The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Project Sync organizes into a database information like suppliers’ shipping schedules; carriers’ transportation times, load capacity and pricing; and the available receiving space and manpower at Home Depot fulfillment centers and retail stores. 10-K (filing date: 2019-03-28), “And we will appropriately use those savings to drive pressure in the market.”. 2020 was $25,112 Mil. “Now that is a lot of footsteps taken out of the process.”. 1. Inventory Turnover measures how fast the company turns over its inventory within a year. Home Depot has almost finished rolling out 40,000 of its custom FIRST Phone smartphones to in-store employees -- and the new-generation devices are … months ended in Jul. Home Depot inventory turnover ratio … The Home Depot's Cost of Goods Sold for the NYSE:HD has been successfully added to your Stock Email Alerts list. Home Depot Inc.’s merchandise inventories increased from 2018 to 2019 and from 2019 to 2020. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. three 2020 is calculated as. months ended in Jul. All Rights Reserved. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Home Depot plans to scale the technology across its 1,900 U.S. stores and fulfillment centers during the next three years, the company said. The Home Depot Inc. is improving how it makes inventory available to business customers as well as consumers, the company says. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. “There are a number of productivity benefits that we receive from Supply Chain Sync,” he said. © 2004-2020 GuruFocus.com, LLC. months ended in Jul. This feature is only available for Premium Members, please sign up for. 2020 is calculated as, The Home Depot  (NYSE:HD) Inventory Turnover Explanation. development that allows us to scale the program ourselves.”. Sorry. The system has been in pilot for a year, and reduced 90 miles of walking for each receiving associate, Powers said. Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Data scientists then use the information to develop a shipping schedule that optimizes what inventory should be routed to which location, and when. Total Inventories can be measured by Days Sales of Inventory (DSI). Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. * All numbers are in millions except for per share data and ratio. 10-K (filing date: 2015-03-26). Sign up for a free subscription to B2BecNews, a twice-weekly newsletter that covers technology and business trends in the growing B2B e-commerce industry. The Home Depot Inc. is improving how it makes inventory available to business customers as well as consumers, the company says. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. 2020 was 34.16. The store was clean and neat in appearance. Home Depot Inc.’s merchandise inventories increased from 2018 to 2019 and from 2019 to 2020. I didn't need assistance, but the associates were more than willing to help. The Home Depot's Total Inventories for the quarter that ended in Jul. Once logged on to the Internet on a desktop or mobile device, store associates can use the program to see exactly what is on every inbound truck load, how many small cartons and pallets are necessary for bringing freight into a retail store and view a diagram that instructs how to stage carts and pallets to reduce associates product touches and footsteps. three A year-long pilot of the supply chain software project, nicknamed Project Sync, has enabled Home Depot’s warehouse workers to more quickly receive inventory delivered to distribution centers and stores, Mark Holified, executive vice president, supply chain and product development, said at the conference. By using the software “we are on a path to grow our inventory turns from 4.8 times in fiscal 2015 to a targeted 5.7 times by the end of fiscal 2018,” said Carol Tome, chief financial officer and executive vice president of corporate services. Based on: I would recommend this home depot. Days Inventory indicates the number of days of goods in sales that a company has in the inventory. three A higher Inventory Turnover means the company has light inventory. NYSE:HD has been removed from your Stock Email Alerts list. “Our stores receive on average over 4,500 cartons of freight per week,” Powers said. The new software improves Home Depot associates’ process of moving freight off trucks, into receiving areas, from receiving areas and onto customer-facing shelves, said Marc Powers, executive vice president of U.S. Stores. Inventory Turnover measures how fast the company turns over its inventory within a year. We are doing the I.T. The Home Depot's Days Inventory declined from Jul. The Home Depot's Inventory Turnover for the three months ended in Jul. The company also said that thanks to the software’s reduction of product touches, it noticed that its Houston retail store locations received fewer damaged goods. Past performance is a poor indicator of future performance. Menear said the increased productivity will be passed on as discounts to customers. This home depot was stocked and safety was in place. 2020 is calculated as: 3. Key to that goal is a new Supply Chain Synchronization project with Internet software designed to improve the annual turn rate of its more than 35,000 in-store available SKUs, the retail chain’s executives said last month during Home Depot’s Investor & Analyst Conference. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. three This initiative has proven to reduce one to two footsteps per associate per carton. Follow Nona Tepper, associate editor for B2B e-commerce, on Twitter @ntepper90. The Home Depot's days sales of inventory (DSI) for the Copyright © 2020 Stock Analysis on Net (https://www.stock-analysis-on.net), Balance Sheet: Liabilities and Stockholders’ Equity, Common-Size Balance Sheet: Liabilities and Stockholders’ Equity. It is calculated as Cost of Goods Sold divided by Total Inventories.The Home Depot's Cost of Goods Sold for the three months ended in Jul.

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